Godrej Properties (GODREJPROP) Q3 25/26 earnings summary

Executive summary

• Achieved best-ever year in calendar 2025 with bookings of INR 34,171 crore (up 19% YoY), collections of INR 18,979 crore (up 28% YoY), and earnings of INR 1,582 crore (up 20% YoY).

• Q3 FY26 booking value reached INR 8,421 crore, up 55% YoY, with 3,973 homes sold and 6.43 million sq. ft. area booked; 9M FY26 booking value at INR 24,008 crore, up 25% YoY.

• Maintained leadership as India's largest residential real estate developer by bookings and collections, with a 44% and 35% three-year CAGR, respectively.

• Doubled market share in four years to 4.8% in 2025, with well-diversified sales across five major markets.

• Promoters increased stake by 0.50% in FY26 YTD, investing INR 300 crore.

Financial highlights

• Q3 FY26 net profit at INR 195 crore (up 20% YoY); nine-month net profit at INR 1,200 crore (up 18% YoY).

• Q3 booking value grew 55% YoY to INR 8,421 crore; nine-month booking value up 25% YoY to over INR 24,000 crore.

• Q3 collections up 40% YoY to INR 4,282 crore; nine-month collections up 19% YoY to over INR 12,000 crore.

• Q3 operating cash flow up 73% YoY to INR 1,062 crore; nine-month OCF at INR 3,199 crore.

• Q3 total income was INR 1,020 crore, down 17% YoY; nine-month total income up 7% YoY to INR 4,480 crore.

Outlook and guidance

• Achieved 74% of annual booking value guidance and on track to exceed INR 32,500 crore for FY26.

• On track to meet full-year collections guidance of INR 21,000 crore, with Q4 expected to be strong due to delivery timing.

• Achieved 123% of business development guidance within 9 months.

• Management to provide detailed FY27 operational guidance with Q4 results.

• Confident in sustaining healthy growth across key metrics in FY27, with well-rounded performance expected across all major markets.